Expect more painful earnings in Q1, Q2: Religare
Tirthankar Patnaik, Director & Strategist-Institutional Research at Religare Capital Markets says that Q4 earnings show a slowdown in business activity, which is likely to continue into Q1 and Q2 of FY13. He further says that he expects a 1 per cent rate cut in FY13 although he adds that RBI should not cut rates aggressively.
